Tajiri uses customers served as its measure of activity. The following report co

Question

Tajiri uses customers served as its measure of activity. The following report comrapres the planning budjet to the actual operating results for the month of May:

Comparison of Planning Budget to Actual Results for the month of May:

Planning Budget Actual Results Variances

Customers served 20,000 21,000

Revenue ($3.60q) 72,000 75,800 3,800 F

Expenses:

Wages and salaries (22,600 + $1.10q) 44,600 45,700 1,100 U

Supplies ($0.50q) 10,000 8,700 1,300 F

Insurance ($4,600) 4,600 4,600 0

Miscellaneous ($3,400 + $0.30q) 9,400 8,100 1,300 F

Total expense 68,600 67,100 1,500 F

Net operating income $3,400 $8,700 $5,300 F

Prepare the company's flexible budfet performance reports for May. (two parts) Label each variance as favorable (F) or Unfavorable (U).

"Flexible Budget Performance Report Part I"

"Flexible Budget Performance Report Part II"

Please need to show your work. (remember there are two parts to fill) Thanks

Explanation / Answer

Tajiri

Flexible Budget Performance Report

For the month ended May 31

Flexible Budget Actual Results Variances Variance indicator Customers served 21,000 21,000 Revenue 75,600 75,800 200 F Expenses Wages and salaries 45,700 45,700 None Supplies 10,500 8,700 1,800 F Insurance 4,600 4,600 None Miscellaneous 9,700 8,100 1,600 F Total expenses 70,500 67,100 3,400 F Net operating income 5,100 8,700 3,600 F

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